Egypt's planning minister outlines 2026 economic shift to military envoys

Following her recent conference speech on reforms, Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, briefed newly appointed military attachés on the 2026 economic strategy, highlighting private sector-led growth, green energy, and over 5% GDP growth amid ongoing structural changes.

In an address to new military attachés, Al-Mashat shifted focus from defense to economic promotion, spotlighting textiles, tech hubs, and global trade dynamics. She noted 98% private ownership in tourism and industry, projecting >5% growth this year (targeting 7%) via an EGP 1tn public investment cap for 2024/2025, redirecting credit to private firms.

Under the National Structural Reform Programme—involving 40 entities and 430 measures—reforms span tax, trade, and labor. For 2025/2026, 48% of public investments target human development. Building on $9.5bn budget support and $17bn private financing since 2020 (including $5bn NWFE for green projects aiming 42% renewables by 2030), Egypt signed 65 new protocols in 2025. Peace initiatives by President El-Sisi and U.S. President Trump aid Suez Canal recovery (12% global trade), with IMF fifth/sixth reviews completed.

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Minister of Planning Ahmed Rostom presented the FY 2026/27 economic plan to parliament, targeting growth of 5.2-5.4% and total investments of EGP 3.7trn, with private sector contributing the majority.

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Egypt’s government aims for economic growth of 4.8% to 5.2% in fiscal year 2026/27, with plans to reach 6.2% to 6.8% by 2029/30, according to Planning Minister Ahmed Rostom.

Prime Minister Mostafa Madbouly announced the new state budget targeting a reduction in the debt-to-GDP ratio to around 78% by June 2027, as the economy posted 5% growth in the third quarter.

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Egypt's Export Development Fund and the Engineering Export Council discussed plans to modernise the export support system. The meeting aims to enhance industrial competitiveness and accelerate export growth.

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